NVDO vs. BMNG

Last updated Jun 23, 2026

NVDO (Leverage Shares 2x Capped Accelerated NVDA Monthly ETF) and BMNG (Leverage Shares 2X Long BMNR Daily ETF) are both exchange-traded funds - NVDO is a Defined Outcome fund actively managed by Leverage Shares, while BMNG is a Leveraged Equities fund actively managed by Leverage Shares. Both are actively managed. At a 0.43 correlation, their price movements are largely independent. NVDO charges 0.77%/yr vs 0.75%/yr for BMNG.

Performance

NVDO vs. BMNG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Leverage Shares 2x Capped Accelerated NVDA Monthly ETF (NVDO) and Leverage Shares 2X Long BMNR Daily ETF (BMNG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, NVDO achieves a 16.35% return, which is significantly higher than BMNG's -79.32% return.

NVDO

• 1D: 0.00%
• 1M: 1.57%
• YTD: 16.35%
• 6M: 21.27%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

BMNG

• 1D: -4.36%
• 1M: -34.35%
• YTD: -79.32%
• 6M: -84.46%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

NVDO vs. BMNG - Yearly Performance Comparison

	2026 (YTD)	2025
NVDO Leverage Shares 2x Capped Accelerated NVDA Monthly ETF	16.35%	5.35%
BMNG Leverage Shares 2X Long BMNR Daily ETF	-79.32%	-80.50%

Correlation

The correlation between NVDO and BMNG is 0.43, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Oct 27, 2025	0.43

Return for Risk

NVDO vs. BMNG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 2x Capped Accelerated NVDA Monthly ETF (NVDO) and Leverage Shares 2X Long BMNR Daily ETF (BMNG). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Drawdowns

NVDO vs. BMNG - Drawdown Comparison

The maximum NVDO drawdown since its inception was -16.25%, smaller than the maximum BMNG drawdown of -96.19%. Use the drawdown chart below to compare losses from any high point for NVDO and BMNG.

Drawdown Indicators

	NVDO	BMNG	Difference
Max Drawdown Largest peak-to-trough decline	-16.25%	-96.19%	+79.94%
Current Drawdown Current decline from peak	-4.73%	-96.15%	+91.42%
Average Drawdown Average peak-to-trough decline	-4.97%	-81.95%	+76.98%

Volatility

Volatility by Period

	NVDO	BMNG	Difference
Volatility (1Y) Calculated over the trailing 1-year period	32.20%	189.65%	-157.45%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	32.20%	189.65%	-157.45%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	32.20%	189.65%	-157.45%

NVDO vs. BMNG - Expense Ratio Comparison

NVDO has a 0.77% expense ratio, which is higher than BMNG's 0.75% expense ratio.

Dividends

NVDO vs. BMNG - Dividend Comparison

NVDO's dividend yield for the trailing twelve months is around 14.32%, while BMNG has not paid dividends to shareholders.

Position	TTM	2025
BMNG Leverage Shares 2X Long BMNR Daily ETF	0.00%	0.00%
NVDO Leverage Shares 2x Capped Accelerated NVDA Monthly ETF	14.32%	16.66%

Frequently Asked Questions

Can I hold both NVDO and BMNG in my portfolio?

NVDO and BMNG have a correlation of 0.43, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, NVDO or BMNG?

On fees, BMNG is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, NVDO or BMNG?

BMNG is cheaper with a 0.75% expense ratio, compared with 0.77% for NVDO.

Which ETF pays a higher dividend yield, NVDO or BMNG?

NVDO has the higher dividend yield at 14.32%, compared with 0.00% for BMNG.

What is the main difference between NVDO and BMNG?

NVDO is categorized as Defined Outcome, while BMNG is Leveraged Equities. Their fees differ too: 0.77% for NVDO and 0.75% for BMNG.